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BEIJING - HT Aero, a flying car startup backed by Chinese electric vehicle maker Xpeng Inc, said on Tuesday it has raised over $500 million in its latest funding round.
The startup, founded in 2013 and previously called Xpeng Heitech, raised the new money from IDG Capital, 5Y Cap...
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#Bywire News
Lightsource BP to enter Polish renewables market
LONDON - Lightsource BP said on Tuesday it was entering the Polish market with a deal to develop solar energy projects that will provide enough clean electricity to power the equivalent of 362,870 homes in Poland.
Lightsource, Europe's biggest solar power developer, said it had s...
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China says: we want COP26 to be a success
LONDON - China's special climate envoy, Xie Zhenhua, said on Tuesday that the COP26 climate conference in Glasgow was deeply significant and that the People's Republic was working for the success of the conference.
(Reporting by Guy Faulconbridge; Editing by Alist...
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BEIJING -China reported nine new domestically transmitted COVID-19 cases on Oct. 18, the highest daily tally since the end of September, with the latest outbreak prompting two northern border areas to enforce a lockdown.
Under a national policy of zero tolerance of domestic coronavi...
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By Saikat Chatterjee
LONDON - World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of solid corporate earnings helped counter concerns about elevated inflationary pressures.
Oil prices took a breather from their eye-catch...
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LONDON - Bill Gates is working with the British government to invest and bring down the cost of new greener technologies to help countries hit net-zero emissions targets by 2050.
"We have lots of small companies that are inventing better technology for doing these things," Gates...
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DUBAI - Qatari Emir Tamim bin Hamad al-Thani has appointed Ali Bin Ahmad Al-Kuwari as finance minister in a government reshuffle, according to a statement issued by the emiri court on Tuesday, following the previous minister's arrest in May.
Al-Kuwari had been serving as commerc...
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-Cleaning products maker McBride warned on Tuesday that it expects to make a loss in the six months to December and said it was raising prices again as it deals with global supply chain snarl ups and a shortage of lorry drivers in the UK.
The company, which makes and distributes bra...
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Exclusive: Myanmar, with $6 billion in foreign reserves, is doing utmost to stabilise currency -minister
- Myanmar's military-appointed authorities are doing their utmost to stabilise the kyat currency and support an economy in crisis since a coup in February, a cabinet minister told on Tuesday, blaming the woe partly on foreign backers of opponents.
Inflation in the southeast Asi...
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LONDON - Sterling hit a four-week high against the dollar on Tuesday as expectations mount that central bank policymakers will act as soon as November to hike interest rates in a bid to curb inflation.
Bank of England Governor Andrew Bailey on Sunday sent perhaps the clearest sign...
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By Sujata Rao and Kevin Buckland
LONDON -The dollar retreated on Tuesday to a three-week low, hit by a proliferation in rate-hike bets in other markets and by improved sentiment that lifted equities and risk-sensitive currencies such as the Australian dollar.
A robust s...
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- Global automaker Stellantis NV has agreed a partnership with Italian e-mobility startup TheF Charging to create a European public charging network accessible to all electric vehicles, the two companies said on Tuesday.
Under the partnership, the companies will jointly develop q...
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By Shashank Nayar and Bansari Mayur Kamdar
-London's FTSE 100 was subdued on Tuesday as gains in retail and mining stocks were offset by rate-hike risks, while homebuilder Bellway was the top boost to the mid-cap index after reporting a surge in annual profit.
The blue-...
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By Josh Smith
SEOUL - South Korea opened its largest defence expo ever on Tuesday, showing off its next-generation fighter jet, drones, and other technology in an effort to boost exports as economies around the world rebound from the COVID-19 pandemic.
Opening cerem...
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Nigerian army says 24 Islamist insurgents killed
MAIDUGURI - Nigerian troops killed 24 suspected Islamist insurgents in two attacks in the northeast and recovered some weapons, the army said on Tuesday.
Boko Haram and its offshoot Islamic State West Africa Province (ISWAP) have been fighting the Nigerian armed forces for more t...
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By Anisha Sircar and Sruthi Shankar
-Europe's main stock index edged higher on Tuesday as gains in mining and technology shares helped offset losses in Sweden's Ericsson, which reported a hit from global supply chain problems.
The pan-European STOXX 600 rose 0.2%, with...
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ATHENS - Human rights activists urged governments and athletes worldwide to boycott the 2022 Winter Olympics in China, saying that anything less would make the world complicit in what they called 'genocide' by Beijing.
China's treatment of minorities has come under increased scru...
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By Shanima A
-Centamin Plc expects annual gold production at the midpoint of its previously forecasted range, the gold miner said on Tuesday, after reporting a rise in quarterly gold output driven by higher grades of mined ores.
Centamin, which operates the Sukari gold...
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LUXEMBOURG - There is no room for compromise in the dispute with Poland over the rule of law, German Europe Minister Michael Roth said on Tuesday.
"We need to talk but I do not see any room for compromises," Roth told reporters before a meeting of EU counterparts in Luxembourg....
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PARIS - There is no reason for the European Central Bank to increase rates between now and the end of 2022 as euro zone inflation is expected to fall back below the ECB's 2% target, Bank of France governor Francois Villeroy de Galhau said on Tuesday.
He also played down concerns...
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Jordan Kyrou scored twice in a career-high, four-point game and Klim Kostin netted a pair of goals 47 seconds apart in a five-goal outburst in the second period to lead the St. Louis Blues to a 7-4 victory over the Arizona Coyotes on Monday in Glendale, Ariz.
Pavel Buch...
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By Kate Holton
LONDON -Britain's competition regulator plans to launch an investigation into music streaming to see whether a sector dominated by platforms such as Spotify and Apple works for consumers.
The watchdog's announcement on Tuesday follows a report from a UK...
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BEIJING - China has allowed imports of breeding pigs from Ireland, the country's customs office said on Tuesday.
The breeding pigs must be put under quarantine in Ireland for no less than 30 days, before export, according to a notice published on the website of the General Admin...
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-The European Commission laid out its options - ranging from legal action to withholding funds - for a response to a Polish court ruling that questioned the supremacy of EU law, stressing that action must be taken to protect the bloc's common values.
"The European Commission is, at...
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LUXEMBOURG - An end of the rule of law would mean the end of Europe, Luxembourg's Foreign Minister Jean Asselborn warned on Tuesday, days before EU leaders are set to discuss a deepening dispute over the rule of law in Poland at a summit in Brussels.
"Europe will not digest the e...
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- Former world number one Andy Murray hailed Cameron Norrie's "phenomenal achievement" in winning the Indian Wells Masters 1000, but said his compatriot's consistency during a stellar season had been arguably more impressive still.
Norrie on Sunday became the first British man t...
-London-listed Hochschild Mining said on Tuesday it would pursue a listing of its Chilean rare earth unit Aclara Resources in Toronto, as it taps new funding to step up focus on its mainstay precious metals business.
Hochschild, which operates mines in South America, will demerge 80%...
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By Ryan Woo, Liangping Gao and Samuel Shen
BEIJING/SHANGHAI - China's long-mooted - and long-resisted - property tax is set to gain new momentum as President Xi Jinping throws his support behind what would be the most profound policy change in a generation.
The ide...
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- U.S. group DraftKings must decide on Tuesday whether to make a formal offer for Entain, potentially kicking off a $22-billion-plus bid battle for the British gambling firm.
Shares in Entain, which hit a record high late September after it received a $22.4 billion buyout propos...
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(Corrects typo in headline)
-Gold miner Centamin said on Tuesday it was expecting to hit the midpoint of its gold production forecast for 2021 after reporting a 3% rise in output in the third quarter from the prior three months.
Centamin, which operates the Sukari Gol...
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By Sarah Young
LONDON - Britain's aviation regulator said that Heathrow, the country's busiest airport, will not be permitted to increase passenger charges as much as it had wanted, as the hub and its airlines vie against each other to recover pandemic losses.
COVI...
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